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killian reporting from washington. >> testimony from said she's been bernanke kept stocks in the green yesterday -- fed chairman ben bernanke. >> good morning. ben bernanke testifies on capitol hill again this morning. today he goes before the senate banking committee. yesterday he told the house financial services committee that the economy is only at the beginning of the recovery. he says this requires the federal reserve to keep interest rates low to encourage demand by consumers and businesses. investors holding the global retreat and investors shrugged off distressing news from the housing market. sales of new homes plummeted last month to the lowest level on record. this is where we ended up. the three major u.s. indexes rose 1% yesterday. black and decker and t. rowe price and the bloomber -- led the bloomberg maryland index higher. costar says it will make more money this year than analysts predicted. toyota is not the only auto maker capturing the attention of wall street. general motors is going to shut down hummer. china said it would have flown in the face of the country's
. the economy still requires low interest rates. ben bernanke will speak to the senate committee later this morning. the president of toyota will stay put. some executives have resigned following the scandal of the recalls. akio toyoda is the only person that can save toyota. he said the as a personal commitment to restore the trust of customers. blockbuster is closing at least 500 doors. it is looking for ways to restructure almost $1 billion of debt. consumers are turning to netflix and red box. back to you. >> thanks. >> coming up, in the look at your morning commute with traffic and weather together. >> the hockey venue at the olympics turned into stars on ice. see if team usa stays in contention for its first gold medal hopes. we will show you ♪ hey bets, can i borrow a quarter? sure, still not dry? trng to shrink them. i lost weight and now some clothes are too big. how d you do it? simple stuff. eating right and i switched to whole grain. whole grain... [ female announcer ] pele who more whole grai tend to have a healthier body weight. multigrain cheerios has who gins and 110
. >> fed chairman ben bernanke is not offering any clues as to when interest rates may increase. in his semiannual report to congress, he said record low interest rates are needed each ease the nation's >> obviously a deployment is the biggest problem we have. we need to find ways to address that issue. >>, has begun addressing the unemployment issue. today the senate passed a tax bill centered on tax breaks for businesses who are unemployed workers. the bill is now headed back to the house. the plan intended to fix the pension problem for the city's police officers and fire fighters require something from all parties involved, retirees, active employees, and the taxpayer. jayne miller is live in the newsroom with details. >> under these recommendations, police and firefighters might have to work longer to get benefits, and the city might have to be used to a bigger budget line item to keep the plan afloat. the recommendations released today are intended to ensure city police and firefighters get a secure retirement without breaking the bank. that is not the courts now. >> the system is
. there was disappointment about the economic recovery over all. ben bernanke described how the fed might increase its discount rate on what it charges bank loans. he did not say when this might happen, but the fact he said it at all was enough to shift the market's a little. and a red flag for the real- estate markets, commercial real- estate loans have the potential to go sour and iraqiya economy unless regulators prepare now for that. help could be away for distressed homeowners because they're starting a program that will allow borrowers to avoid immediate foreclosure and they can remain in their homes six months but they do have to agree to turn over the property deed at the end of that six months. president obama says that his administration is trying to beat it business friendly. that will appear in "bloomberg business week" tomorrow. i'm jane king it. back to you. >> see you back at 6:15. >> it's 29 degrees on tv hill. coming up, look at the morning commute with the traffic and weather together. >> i'm brooke hart in washington. if the blizzard is gone, but the snow drifts remain. after the cl
as soon as possible. >> fed chairman ben bernanke says jobs are the key to economic rebound. meanwhile, there is more bad news from the housing front. despite continuing tax incentives, new home sales in january unexpectedly plunged to record low. senate democrats are working on a follow-up jobs bill that is more expensive and likely more controversial. >> we have big news for all you tweeters. yahoo! in twitter have announced eight content sharing deal. yahoo! reached a similar agreement with facebook back in december. twitter will start showing up in yahoo! search results right away. after a warm reception from holiday shoppers, toys r us is extending its lay around -- led layaway program for big ticket items. >> still to come, new details on the issue of pension plans for the baltimore city police and fire departments. >> being an olympian may be tiring, but being analytic family is exhausting. how they are dealing with the how they are dealing with the >> most of us can only imagine what it is like to be an olympic athlete. but imagine what it is like to be an olympic family? it ca
reserve chairman ben bernanke. he will never be testifying today. this office will release is written testimony. that hearing has done been rescheduled debt. the treasury secretary has also been postponed. he was scheduled to testify on the fiscal year 2011 budget for the obama administration. a huge rebound yesterday as the european union will bail out of greece. one company rose over 6%. this is bloomberg news reporter for wbal tv. >> another check on weather and traffic straight ahead. >> we are still taking your answers to our watercooler question of the day. how do you plan on riding out the latest round of winter weather? email us your response to watercooler@wbaltv.com. >> here are the numbers from la. numbers from la. 15% or more on car insurance? host: did the waltons take way too long to say goodnight? mom: g'night john boy. g'night mary ellen. mary ellen: g'night mama. g'night erin. elizabeth: g'night john boy. jim bob: g'night grandpa. elizabeth: g'night ben. jim bob:'night. elizabeth: g'night jim bob. jim bob: g'night everybody, grandpa: g'night everybody. jim bob: g'nigh
and country and dodge grand caravan vehicles. >>> well, fed chairman ben bernanke told congress wednesday that interest rates will remain low to support continued economic growth. >>> and the house is now set to vote on a jobs bill after the full senate passed the $15 billion measure on wednesday. >>> and just today after being released from a washington, d.c., hospital after suffering a heart attack, former vice president dick cheney is having coffee today with his former boss, president george w. bush. it is the first time the two have seen each other since they left office. >>> and a close call this week for an officer in michigan who was on the side of the road with a driver when another car came barreling towards him. he managed to jump to avoid being pinned, and amazingly, suffered only minor injuries. it is 7:15. let's head back now to matt, meredith, ann and al. >> things will be fairly quiet for the rest of the day. a little coating of snow in some areas lost i did not just off and on a snow showers and flurries. of the west as cloudy and >>> and that's your latest weather. matt?
Search Results 0 to 6 of about 7